Technical Analysis

U.S. Treasury to auction off $42 billion of 2 year notes at the top of the hour


The U.S. Treasury will auction off a $42 billion of 2 year notes at the top of the hour. The six-month averages of the major components shows:

  • Tail 0.2 basis points.
  • Bid to cover 2.59X.
  • Directs (domestic buyers) 21.4%
  • Indirects (overseas buyers) 57.4%.
  • Dealers (they take the balance) 21.2%

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